Last Week: Review

A Barron's summary of key business, financial and political events

Cyprus and the European Union, European Central Bank, and International Monetary Fund continued intense talks to avert a financial collapse of the Mediterranean island nation and a Monday deadline for a 10 billion euro ($13 billion) bailout deal. The parties reportedly were discussing a bank restructuring that would close Cyprus's second-biggest lender and see its big depositors lose more than a third of their savings. Some sort of tax on bank...